Four people are dead in two separate accidents in Central Ohio. In Pataskala, investigators say a head-on collision on East Broad took three lives. One vehicle crossed the center line. Early this morning, the driver of a pick-up truck was killed when he slammed into a tree in a residential area south of Route 104 [...]
Higher Gas Prices May Be Due To Better Economy
Drivers can expect to see rising gas prices at the pump with a holiday weekend right around the corner. There are several reasons why â€“ and perhaps even a silver lining.
The average cost for a gallon of self-serve unleaded gas in Ohio now hovers around $3.70, according to GasBuddy.comâ€”and analysts predict that amount will jump up soon.
Itâ€™s a common trend around this time of year as many families plan their summer vacation.
Ohio Universityâ€™s Scott Miller is the director of a consortium encompassing energy, economics and the environment. He says, among several other variables, these prices can be a sign of a stronger economy.
â€œWhen the economy is really rocking youâ€™re looking at a lot more transportation, a lot more vehicle miles driven, a lot more demand at the pump and therefore greater demand equals greater prices,” says Miller.
Of course the political climate in the Middle East also has a hand in gas prices.
Miller adds this is a time when producers are trying to meet the sweet spot where supply can equal the demand so prices donâ€™t go too high.